Jiang Fang 4

What Happened

• Jiang Fang, Chief People Officer of Alibaba Group (BABA), had restricted share units (RSUs) vest on Jun 25, 2026 and those RSUs converted into ordinary shares and ADS-underlying ordinary shares. A total of 9,756 ordinary shares (from multiple vesting/conversion line items) were reported as acquired via conversion/exercise. To satisfy tax withholding obligations, 4,898 shares were sold in the open market on Jun 25, 2026 for a weighted-average price of $12.09 per share, yielding approximately $59,217 in proceeds (HKD sales converted to USD).

Key Details

• Transaction date: Jun 25, 2026; Form 4 filed Jun 29, 2026 (timely filing).
• Sale: 4,898 shares sold in the open market at a weighted avg price of $12.09; proceeds $59,217 (HKD prices converted to USD at HK$7.8464 = US$1.00).
• Vesting/Conversion: Multiple RSU conversions/exercises reported (1,672; 1,667; 2,667; 3,750 ordinary-share equivalents = 9,756 shares acquired via vesting/conversion).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: Sales were executed in Hong Kong to satisfy tax withholding (tax-withholding sale per issuer plan). Some vested awards settled into ADSs; each ADS represents 8 ordinary shares (per the filing). The reported sale price is a USD conversion of HKD transaction prices.

Context

• These were not open-market purchases but RSU vesting and settlement events followed by a withholding sale to cover taxes—a common, routine action rather than a directional buy/sell signal. The derivative entries (code M) reflect conversion/settlement of equity awards (not a cash purchase); several derivative disposals show $0 proceeds because they represent conversion/settlement rather than a separate sale.